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Coronavirus
VERY HIGH
Pakistan Deaths
18,993
7824hr
Pakistan Cases
861,473
344724hr
Sindh
292,644
Punjab
319,365
Balochistan
23,447
Islamabad
78,200
KPK
124,484

WASHINGTON: US President Joe Biden’s massive stimulus program is expected to boost US economic growth and also help to spur the global recovery, an IMF spokesman said Thursday.

US GDP will expand five to six percent over three years with the injection of $1.9 trillion in aid, according to the International Monetary Fund’s preliminary estimates, and higher demand will help other countries sell more products to American consumers, IMF spokesman Gerry Rice told reporters.

“We see potentially significant positive spillovers in terms of global growth,” he said.

“Most countries should benefit from stronger US demand ... so this will help global growth and recovery.”

However, he cautioned that policymakers should be on the alert for a sudden shift in borrowing rates.